Albanian road project loan

Abu Dhabi Fund for Development (ADFD) has agreed to provide a loan of AED183.50million (US$49.95million) for the construction of the Tirana-Elbasan road project. The completed works will shorten travelling time between both cities contributing to Albania's economic growth through the support of domestic trade exchange.
April 25, 2012 Read time: 1 min
4216 Abu Dhabi Fund for Development (ADFD) has agreed to provide a loan of AED183.50million (US$49.95million) for the construction of the Tirana-Elbasan road project. The completed works will shorten travelling time between both cities contributing to Albania’s economic growth through the support of domestic trade exchange.

For more information on companies in this article

Related Content

May 15, 2012

Albanian road investment

The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
September 26, 2012

Work is on schedule for Albania’s new Tirana-Elbasan highway

Work is progressing on track for construction of the new highway linking Albania’s capital Tirana with the city of Elbasan. The Albanian Public Works Ministry expects the Tirana-Elbasan highway to be opened in the second quarter of 2013. Contractors Aktor and Copri are working on the project and most of the major engineering work has been completed. The project is being funded by backers including the Islamic Bank of Development and the OPEC Fund, as well as the Albanian Government.
boombox1

Highlighted Content

boombox2